China Drill Pipe: Preliminary Affirmative CV Duty Determination
The International Trade Administration has made a preliminary affirmative determination that countervailable subsidies are being provided to producers and exporters of drill pipe from China.
CV Suspension of Liquidation
The ITA is directing U.S. Customs and Border Protection to suspend liquidation for CV purposes of all entries of drill pipe from China with a time of entry on or after June 11, 2010.
CV Cash Deposit Requirement
The ITA is also directing CBP to require a cash deposit or bond for CV duty purposes for all entries of drill pipe from China with a time of entry on or after June 11, 2010, at the following CV duty rate:
| Producer/Exporter | Prelim CV Rate |
| DP Master Manufacturing Co., Ltd.; Jiangyin Sanliang Petroleum Machinery Co., Ltd.; Jiangyin Liangda Drill Pipe Co., Ltd.; Jiangyin Sanliang Steel Pipe Trading Co., Ltd.; and Jiangyin Chuangxin Oil Pipe Fittings Co., Ltd. (collectively, DP Master Group) | 15.72% |
| All Others | 15.72% |
(See ITA notice for additional information, including the scope of the order (which is currently unchanged from the initiation notice), scope comments, etc.
See ITT’s Online Archives or 06/09/10 news, 10060934, for BP summary of the ITA fact sheet announcing this preliminary determination.
See ITT's Online Archives or 01/27/10 and 01/28/10 news, 10012735 and 10012840, for BP summaries of the initiation this CV duty investigation and the companion antidumping duty investigation.
See ITT’s Online Archives or 04/08/10 news, 10040850, for BP summary of the ITA’s postponement of this preliminary determination.)
ITA contact -- Kristen Johnson (202) 482-4793
(FR Pub 06/11/10, ITA Case No. C-570-966)